Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 19, 2012 |
print number 4094a |
Jan 19, 2012 |
amend and recommit to investigations and government operations |
Jan 04, 2012 |
referred to investigations and government operations |
Mar 17, 2011 |
referred to investigations and government operations |
Senate Bill S4094
2011-2012 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2011-S4094 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2013-2014 Legislative Session:
-
S2879
2011-S4094 - Sponsor Memo
BILL NUMBER:S4094 TITLE OF BILL: An act to amend the tax law, in relation to including the tuition of graduate students within the college tuition credit PURPOSE OR GENERAL IDEA OF BILL: Tax tuition credit for graduate students. SUMMARY OF SPECIFIC PROVISIONS: Subparagraph (c) of paragraph two of subsection (t) of section 606 of the tax law is amended to provide a tax credit for students enrolled in a graduate program. JUSTIFICATION: Current law provides for a college tuition tax credit to students enrolled or attending an institution of higher education, whether full or part-time. An institution of higher education is defined in the statute as any institution of higher education or business, trade, technical, or other occupational school recognized and approved by an accrediting agency. Tuition payments required for enrollment or attendance in course of study leading to a post baccalaureate or other graduate degree are specifically exempted from the tax credit.
2011-S4094 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4094 2011-2012 Regular Sessions I N S E N A T E March 17, 2011 ___________ Introduced by Sen. SMITH -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to including the tuition of graduate students within the college tuition credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (C) of paragraph 2 of subsection (t) of section 606 of the tax law, as amended by section 1 of part N of chapter 85 of the laws of 2002, is amended to read as follows: (C) The term "qualified college tuition expenses" shall mean the tuition required for the enrollment or attendance of an eligible student at an institution of higher education. Provided, however, tuition payments made pursuant to the receipt of any scholarships or financial aid[, or tuition required for enrollment or attendance in a course of study leading to the granting of a post baccalaureate or other graduate degree,] shall be excluded from the definition of "qualified college tuition expenses". S 2. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2012. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10264-01-1
2011-S4094A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2013-2014 Legislative Session:
-
S2879
2011-S4094A (ACTIVE) - Summary
Includes the tuition required for enrollment or attendance in a course of study leading to the granting of a post baccalaureate or other graduate degree within the definition of "qualified college tuition expenses" for the purposes of qualifying for the college tuition credit.
2011-S4094A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4094A TITLE OF BILL: An act to amend the tax law, in relation to including the tuition of graduate students within the college tuition credit PURPOSE OR GENERAL IDEA OF BILL: Tax tuition credit for graduate students. SUMMARY OF SPECIFIC PROVISIONS: Subparagraph (c) of paragraph two of subsection (t) of section 606 of the tax law is amended to provide a tax credit for students enrolled in a graduate program. JUSTIFICATION: Current law provides for a college tuition tax credit to students enrolled or attending an institution of higher education, whether full or part-time. An institution of higher education is defined in the statute as any institution of higher education or business, trade, technical, or other occupational school recognized and approved by an accrediting agency. Tuition payments required for enrollment or attendance in course of study leading to a post-baccalaureate or other graduate degree are specifically exempted from the tax credit.
2011-S4094A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4094--A 2011-2012 Regular Sessions I N S E N A T E March 17, 2011 ___________ Introduced by Sen. SMITH -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to including the tuition of graduate students within the college tuition credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (C) of paragraph 2 of subsection (t) of section 606 of the tax law, as amended by section 1 of part N of chapter 85 of the laws of 2002, is amended to read as follows: (C) The term "qualified college tuition expenses" shall mean the tuition required for the enrollment or attendance of an eligible student at an institution of higher education. Provided, however, tuition payments made pursuant to the receipt of any scholarships or financial aid[, or tuition required for enrollment or attendance in a course of study leading to the granting of a post baccalaureate or other graduate degree,] shall be excluded from the definition of "qualified college tuition expenses". S 2. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2013. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10264-02-2
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